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    Foundations of Macroeconomics
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    Exam 5: Elasticities of Demand and Supply
  5. Question
    Suppose the Price of a Box of Cereal Rises from $4
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Suppose the Price of a Box of Cereal Rises from $4

Question 16

Question 16

Multiple Choice

Suppose the price of a box of cereal rises from $4 to $6.Using the midpoint method,what is the percentage change in price?


A) 50 percent
B) 40 percent
C) 33 percent
D) 67 percent
E) None of the above answers is correct.

Correct Answer:

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